Our reasons why we chose to specialiSe in the re-sale market are many, but in a nutshell

• “RE-SALES MAKE BUYING PROPERTY EASY

• RE-SALES ARE SECURE, AND IN TODAY’S MARKET

• RE-SALES OFFER MUCH BETTER VALUE FOR MONEY”

The beauty of re-sale is that it comes complete as a package: you can see it, you can touch it, you can sit in it, you can take pictures. You know how it makes you feel and it only takes a second to see how you feel about living there!

No guesses, no speculation, no waiting, and no worries ‘is it going to be ready on time?’ In majority of cases it comes as a package with all the kitchen appliances, light fittings and air conditioning. The windows are dressed, the garden landscaped and the swimming pool beckons at no extra cost! Sometimes you might be lucky and find the right furniture is also included, so all you need to start enjoying your investment is to bring you suitcase!

Many a Cyprus developer has a marketing presence in foreign markets and Cyprus developers ‘travelling’ marketing shows are legendary and have been phenomenally successful, I may add! Almost everyone ever interested in property in Cyprus attends at least one! And a myth has been created that buying from developers is the only viable choice for people looking at investing in Cyprus property.

The very success of developer activity in the last 10 years has substantially contributed to the emergence of the property re-sale market. Anyone familiar with the Cyprus property market would know that the re-sale market to a large degree is in its infancy. But, as easy as it was to buy, it is very difficult to sell as many people are still totally unaware that there is an alternative, an alternative that, in fact, saves them thousands of pounds! And, they can enjoy it NOW!

Times are changing though. The article as far back as October 9, 2005 in the Cyprus Mail endeavored to analyze the factors influencing the local property market. To answer a fundamental question ‘Is the Cyprus property market a bubble?” it concluded that as a result of all the analysed factors… that “This will result in the increased demand for second hand accommodation, which is now priced at a level of 30 per cent lower than its new counterparts”.

In the end it is up to you! All you need to know is that re-sales are a real option and in the present market conditions offer much better value for your money!

When buying or selling property you inevitably come across many new terms but the two that have a profound effect on your bank balance are the “BUYERS” or the “SELLERS’ market”

But what do these terms mean and the challenges you face?

The terms refer to the relative numbers of buyers and sellers in the market at any given time. In other words, they sum up the relationship between the supply of houses for sale versus the demand for houses to buy.

If there are LOTS OF HOUSES FOR SALE competing for a SMALL NUMBER OF BUYERS then this is what is described as a ‘BUYERS MARKET’.

This means buyers are at an advantage – there are a lot of properties on the market and the buyers have many to choose from and they tend to be fussy. You have a lot more time to look around and you are a lot more confident of negotiating for a ‘Bargain’.

In this kind of market, buyers tend to be very selective and pay far more attention to the standards of maintenance, colour schemes or the presentation of property, etc. These factors are often overlooked in a sellers’ market as they race to actually secure a property before the prices rise even higher.

In such times owners have to work much harder and often are prepared to ‘improve’ the property to be able to present it in the best possible light to attract the attention of the buyer.

Conversely, in a ‘SELLERS MARKET’, there are FEWER PROPERTIES FOR SALE and MANY BUYERS competing for them.

As buyers scramble to purchase, the vendors have the advantage of demanding higher prices and are not receptive to ‘bargain’ offers as they are a lot more confident of a sale. In a ‘sellers’ market, buyers learn from experience to make up their mind much faster to purchase otherwise they may miss out on a property by delaying too long. This is the time when rising prices mean that buyers missing out on one property usually end up paying more for the next.

To buy property in the SELLERS MARKET often means you have to pay much higher prices and have less value for money. Owners are not inclined to improve the property (if they do they demand a higher price) and the buyers can not be too fussy about the standard of decorating or maintenance, for example.